$400,000. This is the amount the typical 65-year-old couple will need to save in order to pay for out-of-pocket medical and long-term care costs in old age, according to new estimates from Fidelity Benefits Consulting. As per today’s article, that amount is “$60,000 more than the typical couple’s entire savings at retirement, including equity in their home.” To read more…
“It’s like the conversational third rail.” This is how one investing specialist cited in today’s article describes couples’ avoidance of financial matters when discussing retirement, as seen in the findings of a new NerdWallet survey of Americans in a relationship. While couples do talk about “the fun stuff” – non-financial matters such as where they will live and what they…
Today’s article acknowledges that while “millennials might not be taking home large pay checks right now…eventually they will be.” In fact, a team of Bank of America Merrill Lynch analysts expects that the incomes of millennials – as well as the incomes of the generation that comes after them (centennials) – will nearly triple in the next 15 years. As…
The demands associated with house-flipping or being a landlord are probably not something that most retirees want to deal with in their golden years, but there is a real-estate investment option – one that is growing in popularity – that may be particularly retiree-friendly, and it is the subject of today’s article: real estate crowdfunding. The author outlines the advantages…